HOW MUCH SHOULD YOU BE INVESTING?
The New Indian Express Vellore|December 16, 2024
When it comes to saving and investing, people are obsessed with the returns they're going to get on their money! Two factors that determine how much money we end up with are the amount we put into our savings and investments in the first place and the amount of time we have it there.
PV SUBRAMANYAM
HOW MUCH SHOULD YOU BE INVESTING?

For instance, let's suppose that you need to cobble together ₹10 crore over 40 years and you reckon on getting an investment return of 12% per year. If you pop the numbers into Excel, you'll see that you have to save a paltry-looking ₹7,960 per month.

If you start 10 years later, at the same 12% per year investment return, you'll now have to save a difficult ₹28,000 per month. What if we did fancy to get higher investment returns, which would surely get us to our ₹10 crore over 20 years? Well, at ₹88,000 this is not easy. What about getting to ₹10 crore in 20 years with a smaller amount and a higher rate of return?

この記事は The New Indian Express Vellore の December 16, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The New Indian Express Vellore の December 16, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

THE NEW INDIAN EXPRESS VELLOREのその他の記事すべて表示
The New Indian Express Vellore

Quenching curiosity: Campus visits in American universities

SAT scores can be a stepping stone to your dream college, but a prestigious name and reputation alone may not guarantee that a school is right for you. Hence campus tours are a good way to gain insight into courses, campus culture and history of the school

time-read
1 min  |
December 23, 2024
The New Indian Express Vellore

Three-star Blasters down Mohammedan

KERALA Blasters FC players delighted the home crowd to record a dominant 3-0 win over Mohammedan SC in the Indian Super League at the Jawaharlal Nehru Stadium here on Sunday.

time-read
1 min  |
December 23, 2024
The New Indian Express Vellore

The making of fast bowler Boland: Cult hero of MCG

ON a hot Saturday afternoon at the AH Butler Oval, Frankston Peninsula Cricket Club was playing against Camberwell Magpies Cricket Club in the local game on the outskirts of Melbourne.

time-read
3 分  |
December 23, 2024
The New Indian Express Vellore

Mandhana climbs another mountain as India beat West Indies

THERE is a famous bridge that connects the city of Sangli with the rest of the world on the river Krishna called Irwin Bridge.

time-read
2 分  |
December 23, 2024
The New Indian Express Vellore

Man Utd humiliated, Chelsea held

MANCHESTER UNITED crashed to a humiliating 3-0 home defeat to Bournemouth in the Premier League on Sunday as Ruben Amorim lost for the fourth time in his nine games in charge of the troubled Old Trafford club while Chelsea were held to a goalless draw at Everton.

time-read
1 min  |
December 23, 2024
The New Indian Express Vellore

KNOW LINEAR AND LATERAL THINKING

As a result of geopolitical tensions, scheduled general elections in India during the mid-year and in the USA towards the end of the year as well as valuations that had sky-rocketed, volatility during 2024 was anticipated by many of us.

time-read
2 分  |
December 23, 2024
The New Indian Express Vellore

Nat'l badminton: Unseeded Adarshini enters semifinals

TAMIL NADU'S Sathish Kumar K, who's the No 1 seed, and Adarshini Shri NB entered the semifinals of the Senior National Badminton Championships in Bengaluru.

time-read
1 min  |
December 23, 2024
The New Indian Express Vellore

IS ALGORITHMIC TRADING FOR YOU?

TECHNOLOGY should expand the scope of human skills. There are things that you can do yourself using your skills.

time-read
2 分  |
December 23, 2024
The New Indian Express Vellore

Credit card defaults could hurt you badly now

With SC rejecting 30% cap on credit card interest rates, card issuers will now have more flexibility to set rates

time-read
2 分  |
December 23, 2024
The New Indian Express Vellore

Banks' profits spike in first 9 mths of 2024

BANKS have raked in as much as ₹2.7 lakh crore in net income in the first nine months of 2024.

time-read
2 分  |
December 23, 2024